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Homestead Professional Building 8300 Homestead Rd

14,500 SF 27% Leased Office Building Houston, TX 77028 $2,490,670 CAD ($172 CAD/SF) 6% Cap Rate

Executive Summary

The offering consists of a 14,120 SF 60% occupied medical center situated on 1.66 acres on Homestead Road in Houston, TX. The subject property is located North of 610 and East of I-69. Property was renovated in 2008, received a brand new parking lot in 2024. Great visibility, various tenants catering to this up and coming neighborhood. Feel free to contact with any questions or offers.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
14,500 SF
Building Class
B
Year Built/Renovated
1973/2008
Price
$2,490,670 CAD
Price Per SF
$172 CAD
Cap Rate
6%
NOI
$149,440 CAD
Percent Leased
27%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,210 SF
Building FAR
0.20
Lot Size
1.66 AC
Zoning
F1
Parking
44 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Drop Ceiling
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 3
  • 3,851 SF
  • Office/Medical
  • Full Build-Out
  • Now

This space is available with full service lease, only rent with no other expenses. Co-Tenancy mix of medical and dental tenants, including a pharmacy. Approximately 7 elementary, 4 middle, and 2 high schools within 3 miles. 86,000 plus population within 3 miles with continued projected growth. Daily traffic count of 12, 500 vpd along Homestead road. Actively managed directly by the landlord, no third parties to go through.

Space Size Space Use Condition Available
1st Fl-Ste 3 3,851 SF Office/Medical Full Build-Out Now

1st Fl-Ste 3

Size
3,851 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 3

Size 3,851 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

This space is available with full service lease, only rent with no other expenses. Co-Tenancy mix of medical and dental tenants, including a pharmacy. Approximately 7 elementary, 4 middle, and 2 high schools within 3 miles. 86,000 plus population within 3 miles with continued projected growth. Daily traffic count of 12, 500 vpd along Homestead road. Actively managed directly by the landlord, no third parties to go through.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0731310000083
Land Assessment
$648,048 CAD
Improvements Assessment
$391,809 CAD
Total Assessment
$1,039,858 CAD
  • Listing ID: 33522223

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 8300 Homestead Rd, Houston, TX 77028

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